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@faros
Thanks so much for all the feedback!
My main concern was the "top tube" which I checked with the seller and is 19.5". The seat tube for me is fine at 21" I believe.
Essentially, I need a more upright position and a slightly more practical cycle. The Mercian offers the speeds and lighweightness that I really like, so was hoping for something similar, but not the fastest bike in town (which the Mercian is, btw ;)). I'd mainly be using it around the city, but with the potential in mind would also really like to use it for touring one day.
I'd not considered the ride being unstable on a mixte...
The other downside is that the bike is in Norwich, but I feel that even with a day trip, the bike is in great condition and I've not found something similar in London (yet!).
I really appreciate all the feedback - thanks all!